Dell had its best day in the markets since 2018.

How do you feel about this company, for me personally it's more of a forgotten company and I wouldn't expect any boom from them when today I would say the market is being dismantled by other players, however ...this is quite interesting news.

Shares of $DELL are up 21.3% on Friday which is their best day since returning to the public market in 2018. The jump followed an earnings report that beat expectations. Even though the results were down, it was less than analysts' predictions. It was down from the prior year to $22.9 million, versus the forecast of $20.9 million. $. Adjusted earnings per share of $1.74 and according to analysts $1.14.

What was very positive, however, is the forecast from $DELL, which is "only" a 12% decline versus the earlier estimate of 15%. What was personally quite surprising and puzzling is that despite the revenue decline, Morgan Stanley on Friday named $DELL its top IT hardware replacement for Apple. The firm wrote in a report that Dell "is emerging as the first winner of generative AI," referring to the latest developments in artificial intelligence.

Morgan Stanley maintained an overweight rating for Apple, but noted the risks of increased regulation around the app store. However, it also said Dell is benefiting from growing demand for AI-powered servers as more companies focus their spending on this corner of the hardware market. Analysts recommend buying the stock and have raised their target price to $70.

"Dell is the first company in our coverage to directly benefit from the Gen AI spending cycle," the analysts wrote, pointing to Dell's disclosure of a $2 billion AI server backlog.

Anyone have this company in their portfolio? I personally never thought about including them or had any interest in them, and this news was quite surprising, but I'm still not thinking about investing in them, at least for now. 😊